Sovereign Wealth Funds: A Strategic Governance View
从战略治理视角分析主权财富基金作为国有投资机构的公司层面特征及其影响，填补了对其微观挑战和战略能力研究的空白，对理解国家资本主义和比较公司治理有参考价值。
Recent tectonic, global economic and political shifts have spurred the emergence of new organizational forms such as sovereign wealth funds (SWFs)—state-owned investment organizations without pension liabilities—primarily in emerging and frontier markets. Although scholars have begun to explore SWF macroeconomic trends, little is known about the challenges these institutional investors face or their strategic capabilities to address these concerns. Drawing on comparative and strategic corporate governance research, we develop an organizing framework to better understand the firm-level characteristics of SWFs and their consequences. Our analysis of these investment funds’ multidimensional strategic governance traits contributes to the literature on state capitalism and comparative corporate governance.